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Read the information given below carefully and answer the following question.Despite the best efforts of those responsible for preventing fraud, one inevitable reality remains: “fraud happens.” Because fraud and misconduct can occur at various levels in any organization, it is essential that appropriate preventive and detective techniques are in place. Although fraud prevention and detection are related concepts, they are not the same. While prevention encompasses policies, procedures, training, and communication, detection involves activities and programs designed to identify fraud or misconduct that is occurring or has occurred. Although preventive measures cannot ensure that fraud will not be committed, they are the first line of defence in minimizing fraudrisk.Q.According to the passage, what is the fundamental difference between fraud prevention and fraud detection?a)Background checks should also be performed on new and existing suppliers, customers, and business partners to identify any issues of financial health, ownership, reputation, and integrity that may represent an unacceptable risk to the business.b)Prevention means to stop something from happening, while detection means to figure out the cause of an actionc)Prevention is not to allow data exchange and detection is to identify the problemd)Prevention encompasses policies, procedures, training, and communication, detection involvesactivities and programs designed to identify fraud.Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Read the information given below carefully and answer the following question.Despite the best efforts of those responsible for preventing fraud, one inevitable reality remains: “fraud happens.” Because fraud and misconduct can occur at various levels in any organization, it is essential that appropriate preventive and detective techniques are in place. Although fraud prevention and detection are related concepts, they are not the same. While prevention encompasses policies, procedures, training, and communication, detection involves activities and programs designed to identify fraud or misconduct that is occurring or has occurred. Although preventive measures cannot ensure that fraud will not be committed, they are the first line of defence in minimizing fraudrisk.Q.According to the passage, what is the fundamental difference between fraud prevention and fraud detection?a)Background checks should also be performed on new and existing suppliers, customers, and business partners to identify any issues of financial health, ownership, reputation, and integrity that may represent an unacceptable risk to the business.b)Prevention means to stop something from happening, while detection means to figure out the cause of an actionc)Prevention is not to allow data exchange and detection is to identify the problemd)Prevention encompasses policies, procedures, training, and communication, detection involvesactivities and programs designed to identify fraud.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the information given below carefully and answer the following question.Despite the best efforts of those responsible for preventing fraud, one inevitable reality remains: “fraud happens.” Because fraud and misconduct can occur at various levels in any organization, it is essential that appropriate preventive and detective techniques are in place. Although fraud prevention and detection are related concepts, they are not the same. While prevention encompasses policies, procedures, training, and communication, detection involves activities and programs designed to identify fraud or misconduct that is occurring or has occurred. Although preventive measures cannot ensure that fraud will not be committed, they are the first line of defence in minimizing fraudrisk.Q.According to the passage, what is the fundamental difference between fraud prevention and fraud detection?a)Background checks should also be performed on new and existing suppliers, customers, and business partners to identify any issues of financial health, ownership, reputation, and integrity that may represent an unacceptable risk to the business.b)Prevention means to stop something from happening, while detection means to figure out the cause of an actionc)Prevention is not to allow data exchange and detection is to identify the problemd)Prevention encompasses policies, procedures, training, and communication, detection involvesactivities and programs designed to identify fraud.Correct answer is option 'D'. Can you explain this answer?.

Solutions for Read the information given below carefully and answer the following question.Despite the best efforts of those responsible for preventing fraud, one inevitable reality remains: “fraud happens.” Because fraud and misconduct can occur at various levels in any organization, it is essential that appropriate preventive and detective techniques are in place. Although fraud prevention and detection are related concepts, they are not the same. While prevention encompasses policies, procedures, training, and communication, detection involves activities and programs designed to identify fraud or misconduct that is occurring or has occurred. Although preventive measures cannot ensure that fraud will not be committed, they are the first line of defence in minimizing fraudrisk.Q.According to the passage, what is the fundamental difference between fraud prevention and fraud detection?a)Background checks should also be performed on new and existing suppliers, customers, and business partners to identify any issues of financial health, ownership, reputation, and integrity that may represent an unacceptable risk to the business.b)Prevention means to stop something from happening, while detection means to figure out the cause of an actionc)Prevention is not to allow data exchange and detection is to identify the problemd)Prevention encompasses policies, procedures, training, and communication, detection involvesactivities and programs designed to identify fraud.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of Read the information given below carefully and answer the following question.Despite the best efforts of those responsible for preventing fraud, one inevitable reality remains: “fraud happens.” Because fraud and misconduct can occur at various levels in any organization, it is essential that appropriate preventive and detective techniques are in place. Although fraud prevention and detection are related concepts, they are not the same. While prevention encompasses policies, procedures, training, and communication, detection involves activities and programs designed to identify fraud or misconduct that is occurring or has occurred. Although preventive measures cannot ensure that fraud will not be committed, they are the first line of defence in minimizing fraudrisk.Q.According to the passage, what is the fundamental difference between fraud prevention and fraud detection?a)Background checks should also be performed on new and existing suppliers, customers, and business partners to identify any issues of financial health, ownership, reputation, and integrity that may represent an unacceptable risk to the business.b)Prevention means to stop something from happening, while detection means to figure out the cause of an actionc)Prevention is not to allow data exchange and detection is to identify the problemd)Prevention encompasses policies, procedures, training, and communication, detection involvesactivities and programs designed to identify fraud.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the information given below carefully and answer the following question.Despite the best efforts of those responsible for preventing fraud, one inevitable reality remains: “fraud happens.” Because fraud and misconduct can occur at various levels in any organization, it is essential that appropriate preventive and detective techniques are in place. Although fraud prevention and detection are related concepts, they are not the same. While prevention encompasses policies, procedures, training, and communication, detection involves activities and programs designed to identify fraud or misconduct that is occurring or has occurred. Although preventive measures cannot ensure that fraud will not be committed, they are the first line of defence in minimizing fraudrisk.Q.According to the passage, what is the fundamental difference between fraud prevention and fraud detection?a)Background checks should also be performed on new and existing suppliers, customers, and business partners to identify any issues of financial health, ownership, reputation, and integrity that may represent an unacceptable risk to the business.b)Prevention means to stop something from happening, while detection means to figure out the cause of an actionc)Prevention is not to allow data exchange and detection is to identify the problemd)Prevention encompasses policies, procedures, training, and communication, detection involvesactivities and programs designed to identify fraud.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Read the information given below carefully and answer the following question.Despite the best efforts of those responsible for preventing fraud, one inevitable reality remains: “fraud happens.” Because fraud and misconduct can occur at various levels in any organization, it is essential that appropriate preventive and detective techniques are in place. Although fraud prevention and detection are related concepts, they are not the same. While prevention encompasses policies, procedures, training, and communication, detection involves activities and programs designed to identify fraud or misconduct that is occurring or has occurred. Although preventive measures cannot ensure that fraud will not be committed, they are the first line of defence in minimizing fraudrisk.Q.According to the passage, what is the fundamental difference between fraud prevention and fraud detection?a)Background checks should also be performed on new and existing suppliers, customers, and business partners to identify any issues of financial health, ownership, reputation, and integrity that may represent an unacceptable risk to the business.b)Prevention means to stop something from happening, while detection means to figure out the cause of an actionc)Prevention is not to allow data exchange and detection is to identify the problemd)Prevention encompasses policies, procedures, training, and communication, detection involvesactivities and programs designed to identify fraud.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Read the information given below carefully and answer the following question.Despite the best efforts of those responsible for preventing fraud, one inevitable reality remains: “fraud happens.” Because fraud and misconduct can occur at various levels in any organization, it is essential that appropriate preventive and detective techniques are in place. Although fraud prevention and detection are related concepts, they are not the same. While prevention encompasses policies, procedures, training, and communication, detection involves activities and programs designed to identify fraud or misconduct that is occurring or has occurred. Although preventive measures cannot ensure that fraud will not be committed, they are the first line of defence in minimizing fraudrisk.Q.According to the passage, what is the fundamental difference between fraud prevention and fraud detection?a)Background checks should also be performed on new and existing suppliers, customers, and business partners to identify any issues of financial health, ownership, reputation, and integrity that may represent an unacceptable risk to the business.b)Prevention means to stop something from happening, while detection means to figure out the cause of an actionc)Prevention is not to allow data exchange and detection is to identify the problemd)Prevention encompasses policies, procedures, training, and communication, detection involvesactivities and programs designed to identify fraud.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the information given below carefully and answer the following question.Despite the best efforts of those responsible for preventing fraud, one inevitable reality remains: “fraud happens.” Because fraud and misconduct can occur at various levels in any organization, it is essential that appropriate preventive and detective techniques are in place. Although fraud prevention and detection are related concepts, they are not the same. While prevention encompasses policies, procedures, training, and communication, detection involves activities and programs designed to identify fraud or misconduct that is occurring or has occurred. Although preventive measures cannot ensure that fraud will not be committed, they are the first line of defence in minimizing fraudrisk.Q.According to the passage, what is the fundamental difference between fraud prevention and fraud detection?a)Background checks should also be performed on new and existing suppliers, customers, and business partners to identify any issues of financial health, ownership, reputation, and integrity that may represent an unacceptable risk to the business.b)Prevention means to stop something from happening, while detection means to figure out the cause of an actionc)Prevention is not to allow data exchange and detection is to identify the problemd)Prevention encompasses policies, procedures, training, and communication, detection involvesactivities and programs designed to identify fraud.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice UPSC tests.